NZOG acquires interest in three Northern Territory gas fields
The deal increases NZOG’s ‘proved and provable’ reserves by the equivalent of 14.5m barrels of oil.
NBR Staff Tue, 25 May 2021
NZ Oil & Gas Group has agreed to acquire interests in three gas-producing projects located in Australia’s Northern Territory, in a deal worth A$29 million up front.
The proposed transaction comprises a 25% interest in the Mereenie oil and gas fields, a 50% interest in the Palm Valley gas
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